Lees employer frequently requires her to use her personal car for business. During 2014, Lee drives 10,000
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Lee’s employer frequently requires her to use her personal car for business. During 2014, Lee drives 10,000 job-related miles. She also pays $200 for business-related parking and tolls.
Assuming Lee is not reimbursed for her mileage, under the standard method her employee business expense deduction would be $5,600 (without regard to the 2% AGI floor).
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Related Book For
Essentials Of Federal Income Taxation For Individuals And Business
ISBN: 9780808038009
15th Edition
Authors: Linda M. Johnson
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